Page:United States Statutes at Large Volume 41 Part 1.djvu/1166

 1146 S1XrY-S1X*rH CONGRESS. Sess. 111. cas. 73-75. 1921. foreign Gnancial operations or in b8.Hk1ILg· or other financial opera- E“°"°f°P°'°"°”' tions in_ a dependency or insular possession of the United States either directly or through the_ agency, ownership, or control of local mst1tutions m foreign countries, or in such dependencies or insular possessions as provided by this section and to act when required by the Secretary of the Treasury as fiscal, agents of the United States, p may be formed by any num er of natural lpiegrsons, not less in any figgvggdeposiwnes, case than five: Provided, That nothing m t section shall be conauthorizedin Panama strued to deny the right of the Secretary of the Treasury to use any §§gf,_,,§,§’,‘j§,c}”"“°‘ coiporation organize under this_ section as depositaries in Panama an the Panama Canal Zone, or m_ the PhilippIme Islands and other insular possessions and dependencies of the mted States." Approved, February 27, 1921. F°brFSSrz6?82,l]1m' CHAP. 74.—·An Act To amend section 74 of the Judicial Code, as amended. [Public, No. 330.] . Be it enacted by the Senate and House o Representatives of the United lv!§ilds%?i»°li°iu¤it5§] States of Amerika in Congress assembled, {hat section 74 of the Judicial ““"“‘°°d‘ mm Coflg, as 8.II18 dS be amegnggd to read aiiplllowsz dl 81 €<>¤¤¢¢**<=¤*i¤ ‘ nc. 74. tate o nnecticut s constitute one ju 'ci gtrict, to be lkplpvin gsktihe   of Connelciticiut. hT,§r1msdof the 'trictcourts e e at ew avenonteourt esa in February and September, at Hartford on the fourth Tuesday ingag and the first Tuesday in December, and at Norwalk on the fou. {gpm. t N Tuesday in April: Provided, however, That suitable rooms and accom- “" “ modations shall be furmshed for the holdm§&of said court and for the use of the officers of said court at Norw free of expense to the Government of the United States." Approved, February 27, 1921. F°brlglr{6gi1l2__ CHAP. 75.-An Act To amend section 11 (na) of the Act approved December 28, lP¤¤1i¤»N¤-33i·] 1913, knownaethe Federal Reserve Act,asamen edby theAct.¤approvedSeptemb¢1• 7, 1916, and March 3, 1919. _ Be it enacted by the Senate and House 0 Representatives of the United .t¤§g?>$i;;§cgl€wi3t;t States of America in Congress assembled? That section 11 of the Act sm$Las$l°' p' approved December 23, 1913, known as the Federal Reserve Act, as amended, be further amended btyl striking out the whole of subiselcition (m), and by substituting erefor a subsection to read as _ o ows: ,,,*,€$,‘*,§$°,,§’{,‘,¥‘,§f’,,f,’,{'d;`,‘§j " (m) Uipon the affirmative vote of not less than five of its members, the ederal Reserve Board shall have power to dpermit Federal reserve banks to discount for any member bank notes, afts, or bills of v01. 4c, pp. 22.4, zss. exchange bearing the signature or endorsement of andy one borrower mma. in_excess of the amount permitted by section 9 an section 13 of this Act, but in no case to exceed 20 per centum of the member {xx;. [Liberty banil:’s capggllsangi surplus: Pggvided, however, That all such notes, ` ,,, _,° - _ dra ts or 0 exc e counted for any member bank in bonds tc mqmmd excess, of the amount perlrlrhigtted under such sections shall be secured by not less than a like face amount of bonds or notes of the United States issued since April 24, 1917, for which the borrower shall in good faith prior to anuary 1, 1921, have paid or agreed to pzaiy not less than me full face amount thereof, or certificates of indeb — miggfgjegggg wss ness of the _Ln1ted States: Provided further, That the provisions of ’ this subsection (m) shall not be operative after October 31, 1921." Approved, February 27, 1921.